Madam Speaker, I rise today to bring attention to the economic crisis that has been fueled by the Biden administration's out- of-control spending and the very accommodative monetary policies of our Federal Reserve. 2021 was the worst year, Madam Speaker for consumer inflation since 1981. Last year, inflation cost the average worker roughly two paychecks and the average family $3,500. And inflation doesn't just impact major corporations, but also our small businesses, 61 percent of which have had to raise prices in the last month in order just to try to keep up with inflation. Of course, getting people back to work will greatly aid supply chains, thus we need to encourage work. But President Biden's policies of vaccine mandates, higher regulations on employers and policies to cut the supply of energy hurt the cause of getting our citizens back to work. The President has called this inflation ``transitory'' and caused only by ``supply chain'' disruptions and greedy corporations. Madam Speaker, in my view, this is just pure political theater. Yet, instead of addressing these concerns, working to get spending under control and our Nation's economy fully back on track, President Biden spent the bulk of his State of the Union speech doubling down on those policies that got us into this inflationary situation in the first place. Central Arkansans' pockets are hurting. The President should stop proposing to spend trillions more.…
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